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Analysis

The US 10-year yield hit 5.0450 percent, the highest since 2007

Yonhap Infomax said the US ten-year Treasury yield climbed to 5.0450 percent in European trading, the highest since July 2007. At 15:00 Eastern Time on 15 September in New York it traded at 4.9960 percent. The Financial Times said the benchmark ten-year yield rose to 5.04 percent, the highest since 2007.

Economics & Markets··Evening
A trader stands at a sunlit New York bond desk with dark terminals and a fragment of the US Treasury building visible through the windows.

Five point zero four five zero

Yonhap Infomax said the US ten-year Treasury yield climbed to 5.0450 percent in European trading. It called that the highest since July 2007. At 15:00 Eastern Time on 15 September in New York, the note traded at 4.9960 percent. The print is Infomax’s European-session reading. It is the benchmark US ten-year. The session split is Europe versus New York. This is not an auction result. The yield belongs to that session.[1]

Five point zero four

The Financial Times said the benchmark ten-year Treasury yield rose to 5.04 percent, the highest since 2007. It cited concerns over inflation and higher interest rates. The rounded 5.04 percent looks at the same note as Infomax’s 5.0450 percent. The July qualifier sits in Infomax. The Financial Times stopped at 2007. The card places the two prints side by side. This is not a downgrade claim.[2]

The same note

Both texts report the US ten-year at a post-2007 high. Infomax split the European session from the 15:00 New York print. The Financial Times gave 5.04 percent. This card does not preview a Federal Reserve decision; it reports that session’s yield. 5.0450 percent belongs to the European session. 4.9960 percent belongs to New York 15:00. This is not a issuance summary. The inflation backdrop sits in the Financial Times.[1], [2]

References

  1. News sourceYonhap InfomaxUS 10-year Treasury yield hit 5.0450 per cent in Europe, highest since 2007↩1↩2
  2. News sourceFinancial TimesTen-year Treasury yield hits highest level since 2007↩1↩2